I think you're on the wrong path but only time will tell. Cash neutral moving in to cash positive. Any further draw down will be for large initial orders of new contracts (eg Pegasus). It's basically an overdraft. As the company strengthens their balance sheet they will get better loan deals (as they have already stated they have refinanced for a better deal) and I am happy that they have been able to organise a loan - pretty hard to do unless you can show a sustainable business - rather than go to the shareholders for more funds.
No doubt we're into crunch time. The market isn't convinced it seems if the share price weakness is anything to go by. We'll have a good idea by maybe the end of the year.
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I think you're on the wrong path but only time will tell. Cash...
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